What is the name of the agreement that Beverly Anns Cookie franchisees enter into for asset purchases?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
NOTE: FRANCHISEE MUST ATTACH A VOIDED CHECK RELATING TO THE BANK ACCOUNT.
Franchisee Information:
EXHIBIT H-10
BEVERLY ANN'S COOKIES FRANCHISE
SAMPLE ASSET PURCHASE AGREEMENT
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 Beverly Anns Cookie Franchise Disclosure Document, Exhibit H-10 is a sample of the Asset Purchase Agreement. This agreement is used when a franchisee purchases assets, such as equipment, from Beverly Anns Cookie.
Asset Purchase Agreements are standard in franchise systems where franchisees may acquire existing locations or specific assets from the franchisor or other franchisees. These agreements outline the terms and conditions of the sale, including the assets being purchased, the purchase price, and any liabilities being assumed.
Prospective Beverly Anns Cookie franchisees should carefully review the Asset Purchase Agreement to understand their rights and obligations when acquiring assets. It is important to consult with an attorney or financial advisor to ensure that the terms of the agreement are fair and reasonable.